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FHFA Sues 17 Banks

edited September 2011 in Fund Discussions

So, when do we bail everyone out again? Maybe Berkowitz should write another Fairholme thank you note to the government to get that started. A few Dick Bove banking upgrades could turn everything around...


  • Hi Scott,

    We've both posted similar stories.
    I have listened to Bove; and I am not sure how he measures in his mind the conditions and/or circumstances that cause him to be so cheery about some banks. I am not a finanacial sheet analyist; but I can't find the "value" for some of these banks that others "find"; at least not today, with today's economy.


    Executives at Bank of America Corp. (BAC) are talking about plans to possibly cut as many as 25,000 to 30,000 jobs over the next several years, the Charlotte Observer reported Friday, citing sources familiar with the matter."


    Some investors even like some of the European banks....

  • Read a good book "The Big Short" by Lewis. Explains alot of the mess the banks created.
  • Reply to @Anonymous: Reading through it again - entertaining read.
  • That's why a lot of people lately have moved over to using Credit Unions.

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